Hudson Bay Capital Management LP Acquires Shares of 1,615,068 MicroVision, Inc. (NASDAQ:MVIS)

Hudson Bay Capital Management LP purchased a new position in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,615,068 shares of the electronics maker's stock, valued at approximately $2,116,000. Hudson Bay Capital Management LP owned 0.74% of MicroVision as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Cibc World Markets Corp bought a new stake in shares of MicroVision during the fourth quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in shares of MicroVision in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in shares of MicroVision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock valued at $30,000 after buying an additional 15,861 shares in the last quarter. Warwick Investment Management Inc. acquired a new stake in shares of MicroVision in the fourth quarter valued at approximately $37,000. Finally, Synergy Asset Management LLC raised its position in shares of MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after buying an additional 17,669 shares in the last quarter. Institutional investors own 30.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MVIS. D. Boral Capital lowered their price objective on shares of MicroVision from $3.00 to $2.50 and set a "buy" rating for the company in a research report on Tuesday. StockNews.com upgraded shares of MicroVision to a "sell" rating in a report on Thursday, April 24th. Finally, Westpark Capital reiterated a "buy" rating and set a $2.00 price target on shares of MicroVision in a report on Tuesday, March 25th.

MicroVision Stock Up 4.7%

MVIS traded up $0.05 during trading on Friday, reaching $1.12. 6,682,686 shares of the stock traded hands, compared to its average volume of 3,995,430. The stock has a market capitalization of $279.17 million, a PE ratio of -2.73 and a beta of 2.04. The stock's 50-day moving average is $1.21 and its 200 day moving average is $1.21. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $1.95.

MicroVision (NASDAQ:MVIS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $0.59 million for the quarter, compared to the consensus estimate of $2.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.